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bakerti ll y <br />now, for tomorrow <br />New Proposed Housing TIF District: <br />Jackson Hill Phase 11 Project <br />Conclusion <br />Without financial assistance, the project does not appear to be feasible <br />• rate of returns and debt coverage ratios are below industry standards <br />With financial assistance, the project performance is projected to improve <br />• returns and coverage ratios increase — to moderate level <br />The financial analysis indicates that the project is not expected to be viable without one or <br />more of the following- <br />1) reduction in project costs <br />2) additional annual cash flow, and/or <br />3) additional upfront funding sources. <br />Assistance through TIF provides additional annual cash flow to the project <br />